I have read the results, and they are good, but what is missing is new customer wins at a level that demonstrates growth will be ongoing as the upgrade of customers comes to an end and now they are upgraded they have been told they have SAAS software that is upgraded by TNE and won't be such big projects. What is also missing is an explanation of how they will continue to get growth. I think acquisitions would do it. They know the customer upgrade gravy train is finishing but don't acknowledge it.
Ann: TNE FY23 Results Presentation, page-25
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